Economics Reality. By Walter E.Williams
Excerpt: I have been teaching economics since 1967 — 40 years of it at George Mason University in Fairfax, Virginia. During that interval, economic reality has not changed. Just as Galileo's law about the independent influence of gravity on falling objects has not changed, neither have the fundamental principles of economics. Economics is fun and simple. It's made complicated by some economics professors — fortunately, not by my colleagues at George Mason University. Let's apply some simple tools of economics to reveal outright myths, lies and tricks.